Nearly half of the portfolio features space geared toward creative tenants, and includes outdoor decks and open/exposed ceilings. All three buildings have undergone a total of $7.7 million in renovations in the past six years, positioning the buildings among the top of the Class A office pool.

“This was a rare opportunity to acquire well-located creative space at scale,” said Nicoletti. “We continue to see institutional investors show appetite for portfolio-level deals, especially in fundamentally sound markets like Boulder where they can create rent upside.”